debt
confidence high
sentiment neutral
materiality 0.55
CROWN HOLDINGS, INC. (CCK): debt financing — Crown Holdings subsidiary issues €500M 5.000% senior notes due 2028
CROWN HOLDINGS, INC.
- €500M aggregate principal, 5.000% semi-annual interest, matures May 15, 2028.
- Net proceeds used to temporarily repay borrowings under senior secured revolving credit facility.
- Notes are senior unsecured obligations guaranteed by Crown Holdings and certain subsidiaries.
- Issuer may redeem notes prior to Apr 15, 2028 at make-whole premium; after at par.